“Look, there’s some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good,” he added, in an interview that also touched upon interest rates and the federal reserve. Trump left open the possibility of renominating Federal Reserve Chairwoman Janet Yellen in 2018, and said that he prefers low-interest rates.

Is it Trump's fault the US dollar has such a strong value?

Ye No

Login with your social identity to vote

Thanks for participating in this survey, in order to vote you must register with your email address.

Completing this poll entitles you to Daily Caller news updates free of charge. You may opt out at anytime. You also agree to our Privacy Policy and Terms of Use.

“I do like a low-interest rate policy, I must be honest with you,” he said.

The Fed increased its benchmark interest rate a quarter of a point during its March 14 meeting, which was the second such increase in three months. The decision, which was expected by Wall Street, is a signal to some investors that the central bank remains hawkish under an improving economy.

“It is important for the public to understand that we’re getting closer to reaching our objectives,” Federal Reserve Chair Janet Yellen said during a news conference following the March meeting. The Fed is expected to increase rates again in June, which would only be the fourth rate hike since the Great Recession.

“It’s very, very hard to compete when you have a strong dollar and other countries are devaluing their currency,” the president said, while also saying that China is not a currency manipulator, in a shift from his campaign rhetoric. Trump said labeling China a currency manipulator would jeopardize talks regarding North Korea.

The dollar fell against six other major currencies immediately after the president’s comments, falling 0.31 percent.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].